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Affirming the development of AI in the area, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the region using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance ecosystem, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to enable experimentation and development," said the report.
Top business leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, service leaders, financiers, and market specialists participated in the first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions rely on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can take advantage of the altering patterns of worldwide demand and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research study centre, by offering service documents, using legal services, assisting in networking chances through signature organization occasions and delivering nearly every conceivable business solution, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but slow somewhat. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Reacting to a concern on regional start-ups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and information personal privacy; and really strong instructional institutions that are significantly taking a look at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest motorist right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that really wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first approach, abundance of capital here in addition to inflow globally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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